Automobile Calculator

This calculator assumes
a fixed rate loan. Please complete all fields to perform
the calculation. Please check with your bank before
making a decision on the basis of this calculator,
since your bank may use a different method of calculating
the interest and payment. Estimates may vary due to
additional dealer costs, taxes, or other regulatory
fees.

Trade-In Value of Current Vehicle
$

Downpayment on New Vehicle
$

Dealer Price of New Vehicle
$

Annual Interest Rate
%

Payment Term (in months)

Beginning
Balance

Payment

Interest

Principal

Ending
Balance

1

$13000.00

$ 584.99

$ 81.25

$ 503.74

$12496.26

2

$12496.26

$ 584.99

$ 78.10

$ 506.89

$11989.36

3

$11989.36

$ 584.99

$ 74.93

$ 510.06

$11479.30

4

$11479.30

$ 584.99

$ 71.75

$ 513.25

$10966.05

5

$10966.05

$ 584.99

$ 68.54

$ 516.46

$10449.60

6

$10449.60

$ 584.99

$ 65.31

$ 519.68

$ 9929.91

7

$ 9929.91

$ 584.99

$ 62.06

$ 522.93

$ 9406.98

8

$ 9406.98

$ 584.99

$ 58.79

$ 526.20

$ 8880.78

9

$ 8880.78

$ 584.99

$ 55.50

$ 529.49

$ 8351.29

10

$ 8351.29

$ 584.99

$ 52.20

$ 532.80

$ 7818.49

11

$ 7818.49

$ 584.99

$ 48.87

$ 536.13

$ 7282.36

12

$ 7282.36

$ 584.99

$ 45.51

$ 539.48

$ 6742.88

13

$ 6742.88

$ 584.99

$ 42.14

$ 542.85

$ 6200.03

14

$ 6200.03

$ 584.99

$ 38.75

$ 546.24

$ 5653.78

15

$ 5653.78

$ 584.99

$ 35.34

$ 549.66

$ 5104.12

16

$ 5104.12

$ 584.99

$ 31.90

$ 553.09

$ 4551.03

17

$ 4551.03

$ 584.99

$ 28.44

$ 556.55

$ 3994.48

18

$ 3994.48

$ 584.99

$ 24.97

$ 560.03

$ 3434.45

19

$ 3434.45

$ 584.99

$ 21.47

$ 563.53

$ 2870.92

20

$ 2870.92

$ 584.99

$ 17.94

$ 567.05

$ 2303.87

21

$ 2303.87

$ 584.99

$ 14.40

$ 570.60

$ 1733.27

22

$ 1733.27

$ 584.99

$ 10.83

$ 574.16

$ 1159.11

23

$ 1159.11

$ 584.99

$ 7.24

$ 577.75

$ 581.36

24

$ 581.36

$ 584.99

$ 3.63

$ 581.36

$ 0.00

TOTALS

$14039.87

$ 1039.87

$13000.00

Based on a 365 day year, simple interest loan.
Slight variations may occur due to loan structure or calendar year basis.